Impact of COVID-19 on Vessel Charters

In December 2019, the coronavirus (COVID-19) was first reported as an emerging virus in China, and in the following weeks, the virus had spread globally. Earlier this month, the WHO declared the COVID-19 outbreak as…

New horizons in cross-border enforcement? English Courts enforce a Dubai Courts judgment.

In 2020, the English High Court recognized and therefore ordered summary judgment for the enforcement of a Dubai Courts judgment. The English Courts’ approach in Lenkor Energy Trading DMCC v Puri [2020] EWHC 75 (QB)…

Force Majeure and the Coronavirus

Companies are doing their best and taking precautions to prevent the spread of the Cornovirus;  some of the measures these companies are taking could invoke force majeure clauses or the "impossibility of performance" defence as…

News Alert: Economic Substance Requirements Guidance Issued

Introduction On 11 September 2019, the UAE issued Ministerial Decision No. 215 of 2019 on the Directives for the implementation of the Economic Substance Regulations (ESR). The ESR was earlier published in April 2019 as…

Everything You Need to Know about the New Joint Property Law

Background and introduction Just recently, His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE issued Law No. (6) of 2019 pertaining to the Joint Ownership of Properties (Joint…

10 Things to Know about the New Incoterms 2020

Published since 1936, the International Chamber of Commerce (ICC) has published a set of three letter trading terms for the use in sale and purchase contracts.  These ‘Incoterms’ deal with the obligations of the buyer…

Everything You Need to Know about Limitation Period of Labour Cases in the UAE

Overview: To start with, the UAE labour law defines the employment contract as "any agreement for a definite or indefinite term, concluded between an employer and an employee, whereby the latter undertakes to work in…

Marine Insurance Roundtable 2019

New maritime regulations in 2020 to target more foreign investment The new law will open up the maritime sector for foreign investors. The Federal Transport Authority (FTA) in the UAE is working on a whole…

Gulf Tanker Attacks: Implications on Costs

Tanker attacks have a long history indicating that it could be a powerful weapon in international conflict, which can significantly destabilize an economy. During the war in the 1980s, oil terminals and tankers were under…